In my opinion, with that much money they can focus on the academy team and also the existing players and use the money not only to spend it, because Atl. Madrid also has great players but unfortunately they are not stable in playing whether winning, losing or drawing, in my opinion with that much money they should target a well-known coach to create a new strategy in their camp, because if you look at the squad they have there is nothing lacking but in my opinion Atl. Madrid is too obsessed with the coach so that their achievements are lacking and currently they are in 3rd position and yesterday they were held to a draw by Real Sociedad.
The problem of losing and not even being able to draw in games is a problem of the players and not the coach. Instead of spending so much money on getting a new coach, they can use part of the money to get tow to three players that can improve the performance of the team. Also, they can sell some players and add up to get more players. Atletico Madrid is a well-known club in La Liga so their fans expect so much from them. Diego Simeone is a good coach i like his experience and managerial skills. But there club does not have enough money to give him the players he deserves to win the trophy.
In my opinion, apart from investing in better players, they also take care of or facilitate their academy players so that young players can easily enter the squad, currently they rarely promote academy players and in my opinion they should focus on that because we know that young players from Spain are currently quite good in their development if so they will be able to make that money without having to waste money buying many players and spending it on things that should not be.
I agree with you here. Academy players can fill in the space of playing in the top 11 whenever there is a need for that. There are lots of raw talents in the young players so it's nice to invest in them. Many teams are using this strategy to get the players they want with time so it is such a great idea.